4 ms·
There's room for debate in the different numbers that are used to measure employment rates, and you could argue which measure is most important changes over tim
by bmm6o 11y ago
There's room for debate in the different numbers that are used to measure employment rates, and you could argue which measure is most important changes over time. But as I understand it, unemployment is a frequent result of an economic depression and not part of its definition, so whether or not there's a depression does not depend on what number is used. Of course, macro measurements don't put bread on the table and obviously jobs matter, and there not being opportunities available in a particular place/time sucks. I'm not denying that. I'm just advocating that people say what they mean and use the correct words to describe their observations.